Oslo Stock Exchange rises unexpectedly from start Tuesday. After a few minutes’ trade is the main index of 573.15, up 0.26 percent.
– Alcoa, the largest aluminum producer, delivered its 1. quarterly yesterday. The results disappointed the market, which sent the stock down as much as 5% in after trading in the United States. Tradition think there Alcoa as “always” is the first company out with their quarterly reports. At home starts reporting season in full swing next week. Anyway, now we enter into a period where investors will focus more on results than anything else. The Asian stock markets ended the way up Tuesday. There are no major events today , writes chief analyst Roger Berntsen in today’s morning report from Netfonds.
Oil prices
On Tuesday morning traded Brent oil for $ 42.80 a barrel, down 0.07 percent, while WTI oil falling 0.30 percent to $ 40.24 a barrel.
In comparison, a barrel of North Sea oil traded at $ 42.73 at the close of trading Monday.
WTI contracts adhere according to Bloomberg News and TDN Finans now over 40 dollars a barrel, in anticipation of new US oil inventory figures. It is expected that stocks will increase by 1 million barrels, so they remain near record levels for the last 86 years.
Goldman Sachs said on Monday that the meeting in Doha on 17 April on freezing oil production will not do much to raise prices, and even can lead to price weakness.
– Although a steady rebalancing of the market is headed, look oil to be in excess offensive and underlying fundamental factors do not provide essentially due to a price of $ 40 per barrel, says analyst at IG in Melbourne, Angus Nicholson, to Bloomberg News.
Statoil
having been a money worth billions in additional years, going finally Statoil Mongstad profit.
the result before tax was NOK 3 billion last year and profitability is good also so far this year, according to Dagens Næringsliv. The newspaper points out that profits last year equals a half ‘mong’, an informal term for budget overruns when Mongstad refinery was expanded in the 1980s. The then Statoil CEO Arve Johnsen had to go when overruns reached 6 billion – or in other words 1 mong.
From 2009 to 2013 the facility had losses and writedowns of around 17 billion, but over the past year, while the rest of the industry jobs uphill, it has thus brightened for the refinery.
Statoil is up 0.70 percent to 128.80 kroner.
Songa to top
Songa Offshore go top the winners from the start. The company reported Tuesday morning that the rig Songa encourager Monday started work on his eight-year contract with Statoil on the Norwegian continental shelf.
The stock is up 8.82 percent to 0.37 million.
In the square behind is John Fredriksen’s Golden Ocean, rising 7.02 percent to 6.71 million from the start.
kept quiet about his own EVP
DNB Rune Bjerke held the press conference on the bank’s role in the sale of shell companies in Seychelles tight that Vice president Terje Turnes in the current corporate management both sat on the board of DNB Luxembourg for years Seychelles Accords were signed, and that the Luxembourg office in 2010 reported through him.
Right in among all journalists at Monday’s press conference could therefore EVP Terje Turnes DNB sit completely unnoticed and listen to Rune Bjerke statement. A long account of what the bank has found out about who has known about DNB Luxemburg selling schemes that have made it possible for customers of the bank to hide money through shell companies in Seychelles.
After the press conference asked Kapital Bjerke again if he really maintains that none of the corporate management to DNB have known something:
– I said that this had gone under the radar of corporate management. And then when members of Group management, both former members and members today to answer for if they did, whether they have reminiscences in relation to both the law firm and this type of arrangement. And one question we will ask is: Who should have known? It’s a question I’ve been asking myself and it is a question many others must ask themselves, says Bjerke.
DNB shares Tuesday up 0.31 percent to 97.80 crowns.
Stops NRS-production
Norway Royal salmon can not initiate full-scale production of sterile salmon. FSA believes that the permit was granted early.
The market value of the company fell Monday NOK 300 million after it reported “challenges” to get approved the planned production, writes Adresseavisen. Two years ago the company received nine production licenses contingent on the use of fish is sterilized under pressure. It would provide an increase of up to 40 percent of the company, but now they must wait for growth.
On Tuesday the stock down 0.95 percent to 104 kroner.
Included memorandum
Polarcus has signed a letter of intent for a marine 3D seismic contract in Indonesia.
the company writes in a message on Tuesday.
the company does not disclose the identity of the counterparty.
According to the notification, the project will commence in the third quarter of 2016 and has a duration of about two months, the statement said.
the share rise 6.67 percent to 1.28 million.
tawke update from DNO
DNO has received $ 20,110,000 from the regional Kurdish government in northern Iraq (KRG), it is stated in a message.
the payment applies to exports from Tawke field under the new scheme which was announced on February 1.
the means according to the message to be shared pro-rata by the DNO and partner Genel Energy, includes $ 16,870,000 for exports in March and 3.24 million related to previous deliveries.
the stock is up 1.75 per cent to 6.99 million.
Fresh PSV contract
Siem Offshore’s subsidiary Siem Offshore Australia, according to a stock exchange release Tuesday received a contract for a PSV of Woodside Energy.
the duration of the charter agreement of four years plus two one year options, with expected start-up early in 2017, the company said.
According to the notice, this is a significant milestone for Siem in the Pacific region.
the share is fpreløpig flat at 1.79 million.
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